VanEck Steel ETF
SLX
29 hedge funds and large institutions have $35M invested in VanEck Steel ETF in 2014 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 6 increasing their positions, 13 reducing their positions, and 12 closing their positions.
36% more call options, than puts
Call options by funds: $744K | Put options by funds: $549K
3.84% less ownership
Funds ownership: 38.82% → 34.98% (-3.8%)
19% less funds holding
Funds holding: 36 → 29 (-7)
41% less capital invested
Capital invested by funds: $59.7M → $35M (-$24.7M)
54% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 13
58% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$1.45M |
| 2 |
LPL Financial
San Diego,
California
|
+$991K |
| 3 |
VKH
Virtu KCG Holdings
New York
|
+$887K |
| 4 |
Goldman Sachs
New York
|
+$730K |
| 5 |
PI
Placemark Investments
Chicago,
Illinois
|
+$729K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAG
Pinnacle Advisory Group
Columbia,
Maryland
|
-$7.09M |
| 2 |
Citigroup
New York
|
-$4.58M |
| 3 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$3.53M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$3.49M |
| 5 |
Morgan Stanley
New York
|
-$1.44M |
SLX Hedge Fund Activity: Q1 2014 in Review
29 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in VanEck Steel ETF (SLX) for Q1 2014, worth a combined $35M — down 41% from $59.7M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of SLX and 5 opened new positions — a net loss of 7 holders — while 13 trimmed existing stakes and 6 added.
The largest buyer was Credit Suisse, adding an estimated $1.45M. The largest seller was Pinnacle Advisory Group, exiting entirely with an estimated $7.09M sold.
- 29 institutional investors held VanEck Steel ETF (SLX) as of Q1 2014, down from 36 in Q4 2013.
- Funds reported $35M of VanEck Steel ETF stock for Q1 2014, down 41% quarter-over-quarter.
- 5 funds opened new VanEck Steel ETF positions in Q1 2014 and 12 closed out, a net change of -7 holders.
- The largest VanEck Steel ETF buyer in Q1 2014 was Credit Suisse, an estimated $1.45M added.
- The largest VanEck Steel ETF seller in Q1 2014 was Pinnacle Advisory Group, an estimated $7.09M sold.
Based on aggregated 13F filings for Q1 2014.